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प्रश्न
From the following information calculate the amount to be paid to creditors:
|
|
Rs |
|
Sundry creditors as on March 31, 2017 |
1,80,425 |
|
Discount received |
26,000 |
|
Discount allowed |
24,000 |
|
Return outwards |
37,200 |
|
Return inward |
32,200 |
|
Bills accepted |
1,99,000 |
|
Bills endorsed to creditors |
26,000 |
|
Creditors as on April 01, 2016 |
2,09,050 |
|
Total purchases |
8,97,000 |
|
Cash purchases |
1,40,000 |
उत्तर
|
Creditors Account |
||||
|
Dr. |
Cr. |
|||
|
Particulars |
Amount |
Particulars |
Amount |
|
|
Discount Received |
26,000 |
By Balance b/d |
1,80,425 |
|
|
Return Outwards |
37,200 |
Purchases – credit |
||
|
Bills accepted |
1,99,000 |
(8,97,000 – 1,40,000) |
7,57,000 |
|
|
B/R |
26,000 |
|||
|
Balance c/d |
2,09,050 |
|||
|
Cash/Bank |
4,40,175 |
|||
|
9,37,425 |
9,37,425 |
|||
Amount paid to Creditors is Rs 4,40,175.
APPEARS IN
संबंधित प्रश्न
What practical difficulties are encountered by a trader due to incompleteness of accounting records?
From the following information, calculate capital at the beginning:
|
|
Rs |
|
Capital at the end of the year |
4,00,000 |
|
Drawings made during the year |
60,000 |
|
Fresh capital introduce during the year |
1,00,000 |
|
Profit of the current year |
80,000 |
Find out the credit purchases from the following:
|
|
Rs |
|
Balance of creditors April 01, 2016 |
45,000 |
|
Balance of creditors March 31, 2017 |
36,000 |
|
Cash paid to creditors |
1,80,000 |
|
Cheque issued to creditors |
60,000 |
|
Cash purchases |
75,000 |
|
Discount received from creditors |
5,400 |
|
Discount allowed |
5,000 |
|
Bills payable given to creditors |
12,750 |
|
Return outwards |
7,500 |
|
Bills payable dishonoured |
3,000 |
|
Bills receivable endorsed to creditors |
4,500 |
|
Bills receivable endorsed to creditors |
1,800 |
|
Return inwards |
3,700 |
From the following information calculate total purchases.
|
|
Rs |
|
Creditors April. 01, 2016 |
30,000 |
|
Creditors March. 31, 2017 |
20,000 |
|
Opening balance of Bills payable |
25,000 |
|
Closing balance of Bills payable |
35,000 |
|
Cash paid to creditors |
1,51,000 |
|
Bills discharged |
44,500 |
|
Cash purchases |
1,29,000 |
|
Return outwards |
6,000 |
The following information is given
|
|
Rs |
|
Opening creditors |
60,000 |
|
Cash paid to creditors |
30,000 |
|
Closing creditors |
36,000 |
|
Returns Inward |
13,000 |
|
Bill matured |
27,000 |
|
Bill dishonoured |
8,000 |
|
Purchases return |
12,000 |
|
Discount allowed |
5,000 |
Calculate credit purchases during the year
From the following, calculate the amount of bills accepted during the year.
|
|
Rs |
|
Bills payable as on April 01, 2016 |
1,80,000 |
|
Bills payable as on March 31, 2017 |
2,20,000 |
|
Bills payable dishonoured during the year |
28,000 |
|
Bills payable honoured during the year |
50,000 |
Find out the amount of bills matured during the year on the basis of information given below;
|
|
Rs |
|
Bills payable dishonoured |
37,000 |
|
Closing balance of Bills payable |
85,000 |
|
Opening balance of Bills payable |
70,000 |
|
Bills payable accepted |
90,000 |
|
Cheque dishonoured |
23,000 |
Prepare the bills payable account from the following and find out missing figure if any :
|
|
Rs |
|
Bills accepted |
1,05,000 |
|
Discount received |
17,000 |
|
Purchases returns |
9,000 |
|
Return inwards |
12,000 |
|
Cash paid to accounts payable |
50,000 |
|
Bills receivable endorsed to creditor |
45,000 |
|
Bills dishonoured |
17,000 |
|
Bad debts |
14,000 |
|
Balance of accounts payable (closing) |
85,000 |
|
Credit purchases |
2,15,000 |
Calculate the amount of bills receivable during the year.
|
|
Rs |
|
Opening balance of bills receivable |
75,000 |
|
Bill dishonoured |
25,000 |
|
Bills collected (honoured) |
1,30,000 |
|
Bills receivable endorsed to creditors |
15,000 |
|
Closing balance of bills receivable |
65,000 |
Calculate the amount of bills receivable dishonoured from the following information.
|
|
Rs |
|
Opening balance of bills receivable |
1,20,000 |
|
Bills collected (honoured) |
1,85,000 |
|
Bills receivable endorsed |
22,800 |
|
Closing balance of bills receivable |
50,700 |
|
Bills receivable received |
1,50,000 |
From the details given below, find out the credit sales and total sales.
|
|
Rs |
|
Opening debtors |
45,000 |
|
Closing debtors |
56,000 |
|
Discount allowed |
2,500 |
|
Sales returns |
8,500 |
|
Irrecoverable amount |
4,000 |
|
Bills receivables received |
12,000 |
|
Bills receivable dishonoured |
3,000 |
|
Cheque dishonoured |
7,700 |
|
Cash sales |
80,000 |
|
Cash received from debtors |
2,30,000 |
|
Cheque received from debtors |
25,000 |
From the following information, prepare the bills receivable account and total debtors account for the year ended March 31, 2017.
|
|
Rs |
|
Opening balance of debtors |
1,80,000 |
|
Opening balance of bills receivable |
55,000 |
|
Cash sales made during the year |
95,000 |
|
Credit sales made during the year |
14,50,000 |
|
Return inwards |
78,000 |
|
Cash received from debtors |
10,25,000 |
|
Discount allowed to debtors |
55,000 |
|
Bills receivable endorsed to creditors |
60,000 |
|
Cash received (bills matured) |
80,500 |
|
Irrecoverable amount |
10,000 |
|
Closing balance of bills receivable on March. 31, 2017 |
75,500 |
Prepare the suitable accounts and find out the missing figure if any.
|
|
Rs |
|
Opening balance of debtors |
14,00,000 |
|
Opening balance of bills receivable |
7,00,000 |
|
Closing balance of bills receivable |
3,50,000 |
|
Cheque dishonoured |
27,000 |
|
Cash received from debtors |
10,75,000 |
|
Cheque received and deposited in the bank |
8,25,000 |
|
Discount allowed |
37,500 |
|
Irrecoverable amount |
17,500 |
|
Returns inwards |
28,000 |
|
Bills receivable received from customers |
1,05,000 |
|
Bills receivable matured |
2,80,000 |
|
Bills discounted |
65,000 |
|
Bills endorsed to creditors |
70,000 |
From the following information ascertain the opening balance of sundry debtors and closing balance of sundry creditors
|
|
Rs |
|
Opening stock |
30,000 |
|
Closing stock |
25,000 |
|
Opening creditors |
50,000 |
|
Closing debtors |
75,000 |
|
Discount allowed by creditors |
1,500 |
|
Discount allowed to customers |
2,500 |
|
Cash paid to creditors |
1,35,000 |
|
Bills payable accepted during the period |
30,000 |
|
Bills receivable received during the period |
75,000 |
|
Cash received from customers |
2,20,000 |
|
Bills receivable dishonoured |
3,500 |
|
Purchases |
2,95,000 |
The rate of gross profit is 25% on selling price and out of the total sales Rs 85,000 was for cash sales.
(Hint: Total sales = 4,00,000 = 3,00,000 × 100 × `100/75`)
